American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Stock Short Interest Declines 82.7%

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 17,268 shares, a decrease of 82.7% from the September 15th total of 99,710 shares. Based on an average daily volume of 245,811 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of NYSEARCA MGNR opened at $49.77 on Friday. American Beacon GLG Natural Resources ETF has a 1 year low of $39.11 and a 1 year high of $56.45. The company’s fifty day moving average price is $52.66 and its 200 day moving average price is $51.89. The company has a market capitalization of $1.27 billion, a PE ratio of 22.05 and a beta of 0.82.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. CapWealth Advisors LLC grew its stake in shares of American Beacon GLG Natural Resources ETF by 0.5% during the 3rd quarter. CapWealth Advisors LLC now owns 614,101 shares of the company’s stock worth $30,287,000 after purchasing an additional 2,765 shares during the period. Janney Montgomery Scott LLC grew its position in shares of American Beacon GLG Natural Resources ETF by 81.7% in the first quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock valued at $27,802,000 after purchasing an additional 242,301 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of American Beacon GLG Natural Resources ETF by 40.1% in the second quarter. NewEdge Advisors LLC now owns 207,758 shares of the company’s stock valued at $10,087,000 after purchasing an additional 59,439 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of American Beacon GLG Natural Resources ETF by 6.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 101,445 shares of the company’s stock worth $4,925,000 after purchasing an additional 6,583 shares in the last quarter. Finally, SFG Wealth Management LLC. raised its position in shares of American Beacon GLG Natural Resources ETF by 4.8% during the 2nd quarter. SFG Wealth Management LLC. now owns 56,569 shares of the company’s stock worth $2,746,000 after purchasing an additional 2,594 shares during the last quarter.

About American Beacon GLG Natural Resources ETF

The American Beacon GLG Natural Resources ETF (MGNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in a narrow portfolio of global stocks that are predominantly involved in natural resources and related businesses. MGNR was launched on Feb 5, 2024 and is issued by American Beacon.